Thanks for the schematic, alm.
I excluded that kind of shunt you drawn because, if I follow exactly the steps from the quoted message, then I will end up with a shunt where the measured current pass only through the out shield, without including the inner wire in the measured current path. Also, the original message is talking about cancelling the induced voltage, not just minimizing it. Cancelling (for a shunt like you drawn) will imply that the inner wire and the outer shield would have the same R and L, which I doubt it is true, so I excluded the schematic where the inner wire and the shield are in series.
If the shunt described by blueskull is like in your schematic, then it's pretty clear.
Maybe blueskull will see this thread and confirm which schematic he was described.